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Hmmmm! Today's PR has got me thinking!
If they're going to start drilling program for Project W, then PCFG might be in better shape than we thought.
That stuff costs money.
Just food for thought!
TORONTO, ONTARIO, Jul 09, 2012 (MARKETWIRE via COMTEX) -- Pacific Gold Corp.
(OTCQB: PCFG)(PINKSHEETS: PCFG), announced today that Grass Roots Research and
Distribution, Inc. ("GRRD") (www.grassrootsrd.com) has issued an updated
research report on the Company.
GRRD has calculated a Cohen Price Index Target of $0.07 per share for PCFG, 663%
higher than the current market price of $0.009. The Cohen Price Index Target is
calculated using 2014 Price-to-Earnings ratio (P/E), Cohen Price-to-Capital
Employed ratio (P/CE), Cohen Discounted Cash Flow (DCF) method and Cohen Price
Performance Index. The P/E and P/CE are based on market multiples and
representative of the broader industry in which the Company operates. The Cohen
Price Performance Index is a representative of the post coverage performance of
all stocks covered by GRRD. The last component in calculating the Cohen Price
Index Target is the value derived using the long-term DCF valuation approach.
The report states: "Pacific Gold is an exciting investment opportunity. The
Company is in an excellent position to further expand its asset base, advance
toward profitable operations and generate significant cash flows... Since the
capital investment requirement for additional capacity at its mill is limited,
the potential for increased production from additional resources should
significantly improve the Company's top-line... Gold prices have broken new
highs and are currently trading upwards of $1,600. Most analysts believe gold
prices will move up higher in the immediate future. The significant premium is
attributable to various macroeconomic events, resurgence of demand from Asian
economies, depreciating dollar, massive international debt problems, including
in the USA, increased demand for gold from central banks as well as an
investment option as a result of economic and political turmoil across the
globe. We believe that current and future developments are creating conditions
and opportunities that are exciting for investing in gold. Pacific Gold is well
positioned to benefit from this global trend."
To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's
website at www.pacificgoldcorp.com.
About Grass Roots Research and Distribution, Inc.:
The Grass Roots Research and Cohen Research brand names are the worldwide Gold
Standard for micro cap/small cap research. Grass Roots has raised the art of
fundamental securities research by forecasting the three statements, including
assumptions of capital raised. Grass Roots distributes in-depth stock market
research reports that highlight the company's market opportunity, technology,
management, competition and other key differentiators that may affect their
short and long term valuation. For more information, visit:
www.grassrootsrd.com.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development
of production-ready and in-production mining operations. The company is focused
on alluvial gold and base metals operations located in western North America.
Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc.,
which owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a
large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired
exclusive lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores
Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold
Corp.'s current expectations about its future results, performance, prospects
and opportunities. Pacific Gold Corp. has tried to identify these
forward-looking statements by using words and phrases such as "may", "will",
"expects", "anticipates", "believes", "intends", "estimates", "should",
"typical", "we are confident" or similar expressions. These forward- looking
statements are based on information currently available to Pacific Gold Corp.
and are subject to a number of risks, uncertainties and other factors that could
cause the Company's actual results, performance, prospects of opportunities in
the remainder of 2012 and beyond, to differ materially from those expressed in,
or implied by, these forward-looking statements.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
SOURCE: Pacific Gold Corp.
CONTACT: http://www.pacificgoldcorp.com
Copyright 2012 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Source: Comtex Wall Street News
Compliments of Scottrade.com
How long can PEIX's PPS remain below a buck, before they get a delisting notice?
Will they be able to get it back over $1.00 without a reverse split?
I don't believe there is a money problem as such. They haven't started production yet, and Tangiers has readily loaned some additional cash, (I would be concerned if NBRI had trouble getting the loan).
If Tangiers is confident enough to fork over $100K at the drop of a hat, then that makes me even more confident that I've invested in the right mining company.
Still, it's nice to see that the loan is so small. I suspect that the money will be for finishing touches to the Ruby Mine, and worker's payroll; and, we're probably not far from getting big news.
Simply, I bought 100k shares at 9:37:07am EST. I have a "cash only" account, and if I understand correctly, this means that my sells & buys cannot be used for any short trading activity.
Assuming this is so, how can there be only 64,300 real shares traded, when I purchased 100k myself? Surely the the real shares traded shoud show 100k, minimum!
Oh, I was not saying you are lying. I suspected the info had some sort of error. I was not questioning your credibility. I've been around here long enough to know who is on the up-&-up, (and who is not).
Would the discrepancy between my 100k share purchase, and your info, be evidence of naked-shorting?
I purchased 100k, and I have a "cash only" account.
I think this info is incorrect.
Maybe there are new people jumping in... Just a thought.
http://barchart.com/snapopinion/stocks/PCFG
http://americanbulls.com/StockPage.asp?CompanyTicker=PCFG&MarketTicker=OTC&TYP=S
I don't know.
For myself, I'm anticipating fewer violations/citations from the next MSHA site visit, and reasonable improvements in plant operations and overall production.
Exactly, and a significantly shrinking sell opinion at that.
Can you PM me your email address? I'd send you mine, but I'm not a paying member and can't PM you mine.
Do you make regular trips to the site?
So it's taken a little longer than they expected. Big deal, so what. I know enought to expect delays when trying to reopen a mine up in the Sierras, during winter! (Good thing it not winter any more, and the snow is gone).
The point I was trying to make was that they have a far better than average chance than most start-ups, because they have an expert in mine safety & health as one of their consultants; and, this is an edge that most other outfits don't have.
If they don't have MSHA's blessing, they don't open.
One of NBRI's consultants:
William S. Watters, P.Eng
Mr. Watters holds a B.S. degree in Mining Engineering from the Mackay School of Mines at the University of Nevada-Reno, and was the Senior Mine Engineer at the Ruby Mine when the Ruby was last in operation in 1998. More recently, Mr. Watters was the Chief Mining Engineer at the Idaho-Maryland Mine in Grass Valley, CA, and is presently the Chief Inspector/Engineer at the New Irvington Tunnel Project in San Francisco. In addition to being a Registered Professional Engineer (Civil, CA; Mining, WY), Mr. Watters is a Mine Rescue Team Trainer, has a California Safety Representative License, and is a Mine Safety and Health Administration ("MSHA") Trainer (blue card).
By the way, what do you know about opening an old underground mine in the Seirras, and MSHA? Have you ever been to the gold country?
I have a feeling that the Ruby's upcoming site/safety inspections should be a walk-in-the-park for NBRI.
There is a FORM 4 posted at the top of the IHUB page, for NBRI.
http://ih.advfn.com/p.php?pid=nmona&article=52680333
This is the first I've seen of this. I checked EDGAR, and do not see it posted yet. Could EDGAR have dropped the ball on this?
407,000 on Scottrade.
Sorry, I don't know what "POG" means.
I did. Good stuff!
Not convinced of what, activity at the Ruby mine?
Has no one from the IHUB crowd been up there recently and checked for signs of activity?
That's the way I see it too. Things are coming together.
Probably won't be long before we get a PR about ordering additional equipment, then one for expansion of production.
The PPS has taken a pounding for weeks. I actually hope that the naysayers get their way tomorrow. I've got a ton of dry powder, and picking up some at an even lower level would suit me fine.
Funny how the "clean water issue" seemed to trigger the drop in the PPS. Now that the water issue has apparently been delt with, I wonder what will really happen tomorrow!?!?.. LOL
I'm going from memory... Big deal, so what if I'm a bit off base, we've all heard the CC.
I agree.
I'm glad we've got this 10Q out of the way. We ALL knew it would not be the report we were looking for... We were told during the recent CC that profit is expected in Q2... NOT Q1.
They've now got someone that apparently knows what they are doing, on site. The clean water issue seems to be solved, (apparently it took someone that knew what they were doing to get it solved).
I think we're in line for a good Q2. At least, in far better shape now than we were, now there is someone knowlegable & experienced on site.
That's what I get out of it too. They've finally got a competent operations mgr too; and things already seem to be running better.
According to the CC, we were told that it would be this coming quarter, (Q2).